ARTICLES LABELLED WITH TAG office

JLL has been appointed as the exclusive leasing agent for Marynarska Point 2 in Warsaw. The total area of the 11-floor office building amounts to over 13,000 sqm.

The office space market in Bucharest registered a total volume of transactions of approximately 240,000 sqm in 2020, a level similar to that of 2015, CBRE data shows.

Total commercial real estate investment into the Slovak market amounted to €502 million in 2020, a year-on-year decrease of 27%, according to Cushman  & Wakefield’s market reports for Q4 2020.

2020 was a good year for the Romanian transaction market, with a volume that approached the threshold of €1 billion. Most of the transactions concluded were for office buildings, with a volume of €784 million. Although estimates for 2021 are more modest, we can expect the sale of several important assets to go through this year. Property Forum lists the office buildings in Bucharest that could change owners in the next 12 months.

CBRE Hungary has assisted Henkel in the sale of its Budapest headquarters in District 11 of the capital’s Buda side, the company announced on Linkedin. The buyer’s name and the transaction price have not been disclosed. 

What the future holds for the office market has been one of the hottest topics of debate ever since the pandemic struck. What changes are to be expected in the office sector after the pandemic? Katarzyna Lipka, an expert of Cushman & Wakefield, outlines key trends for 2021 and beyond.

Despite its unique nature, 2020 brought twice as many new offices in Warsaw as the previous year. Thanks to the high activity of developers, there is already a total of over 12 million sqm of office space in the largest cities in Poland. This year, the leaders of the real estate development market announce further completions of large investments. The companies implementing office projects throughout the country plan to commission up to 800 thousand sqm of new space.

Atenor has signed an agreement relating to the acquisition of another plot in District XI of Budapest, under 20 Hengermalom Road, with an area of 8,326 sqm. The plot is next to Atenor’s planned project, BakerStreet, and similarly, a Class A+ office building will be developed on it as Phase II of BakerStreet.

In 2020, demand for office space in regional cities was 16% lower compared to 2019, the vacancy rate increased by 3.2 pp and the volume of office space under construction is at its lowest in about five years. Advisory firm JLL summarizes the situation in the Polish office market at the end of 2020.  

One United Properties announces the lease agreement with Superbet for an 8,206 sqm office space in One Cotroceni Park in Bucharest.